The Canadian aerospace sector employment is forecasted to grow moderately from 2024 to 2028. Projected employment figures show a steady increase, from implementing technical advancements and increased demand globally. Comparing this with previous data, employment in 2023 stood at a certain level, showing an upward trajectory since then.
Year-on-year, employment is predicted to increase modestly each year:
- 2024 to 2025: 1.4%
- 2025 to 2026: 1.35%
- 2026 to 2027: 1.32%
- 2027 to 2028: 1.27%
The Compound Annual Growth Rate (CAGR) over five years (2023-2028) highlights a steady increase, underscoring consistent sector growth.
Future trends to watch include advancements in aircraft technology, the shift towards sustainable aviation, and evolving geopolitical landscapes influencing industry dynamics. These factors may lead to shifts in employment patterns within the sector.
